NEW HAVEN, CT – September 2024— Verada is pleased to announce that StretchMed, a leading provider of assisted stretching and recovery services, has signed a 10-year lease for 880 square feet on the ground floor of 44 Olive Street in Downtown New Haven at an asking rent of $43 PSF NNN. The lease was signed on June 16, 2024. The new studio will deliver a personalized approach to flexibility, mobility, and overall wellness, enhancing the neighborhood’s growing health-focused offerings.
Property Overview
44 Olive Street features 880 square feet of prime ground-floor retail space ideally suited for health and wellness operators seeking to connect with New Haven’s dynamic, growing community.
Key features include:
Excellent visibility in a thriving mixed-use corridor
Steps from Yale University and high-foot-traffic destinations
Surrounded by a growing mix of residential, retail, and lifestyle concepts
Positioned in a vibrant, wellness-focused neighborhood
About StretchMed
StretchMed is a premier assisted stretching and recovery studio focused on helping clients improve flexibility, reduce injury risk, and enhance performance through personalized programs. By combining expert guidance with innovative techniques, Stretch Med creates customized solutions that support active, healthier lifestyles in a welcoming, boutique setting.
Discover more about StretchMed at www.stretchmedstudios.com
Representation
The transaction was brokered by Nate Mallon, Managing Partner at Verada, who represented the landlord, Adam America.
“StretchMed is a fantastic addition to the evolving mix of businesses at 44 Olive Street. As more people focus on holistic health and active lifestyles, their services perfectly complement the community’s growing interest in wellness-driven concepts,”
— Nate Mallon, Managing Partner, Verada
Neighborhood Context
Downtown New Haven has become a thriving hub for health, wellness, dining, and retail concepts, attracting a diverse mix of students, professionals, and visitors.
This location benefits from:
Immediate proximity to Yale University’s bustling campus
High daytime foot traffic from students, residents, and office workers
An evolving retail and wellness landscape with emerging boutique operators
Limited availability of high-quality retail spaces in the downtown market
This transaction reinforces Verada’s expertise in connecting innovative wellness operators with prime retail opportunities across growing lifestyle-driven corridors.